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Overview / Commentary
317-569-7420
11555 N Meridian St, # 400
Carmel, IN 46032

Merchants Bank of Indiana is headquartered in Carmel and is the 8th largest bank in the state of Indiana. It is also the 289th largest bank in the nation. It was established in 1923 and as of December of 2017, it had grown to 187 employees at 5 locations. Merchants Bank of Indiana has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #8056
Year Established1923
Employees187
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.99%
Return on Equity - YTD20.28%
Annual Interest Income$95.1MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$3.39B$2.72B
LoansQ4 2017vs Q4 2016$2.36B$1.70B
DepositsQ4 2017vs Q4 2016$2.95B$2.43B
Equity CapitalQ4 2017vs Q4 2016$411.5MM$254.9MM
Loan Loss AllowanceQ4 2017vs Q4 2016$8.3MM$6.3MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$2.8MM$2.4MM
Real Estate OwnedQ4 2017vs Q4 2016$0$0
Rates

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Locations


Merchants Bank of Indiana Locations
Indianapolis Bank Branch3737 East 96th StreetIndianapolis, IN 46240
Spartanburg Branch6880 South Arba PikeLynn, IN 47355
Merchants Bank Of Indiana11555 N. Meridian Street, Suite 400Carmel, IN 46032
Merchants Bank Of Indiana Carmel Office Branch11590 North Meridian StreetCarmel, IN 46032
Lynn Branch7375 South Us Highway 27Lynn, IN 47355

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